<<"We're twenty years in the business>>
LOS ANGELES (Jan. 6) BUSINESS WIRE -Jan. 6, 1999--The Internet Stock
Review announced today that its list of 20 Watch List Stocks announced
on Jan. 6, 1998 increased an average of 157%. The Internet Stock Review
is an industry specific online newsletter and website devoted to
coverage of publicly traded companies that may benefit from the
Internet.
"The top five performing companies on the Watch List increased an
average of 490%, leaving us in a mood to dance a jig and at the same
time break out in laughter," stated Roland Perry, Editor. "We're twenty years in the business, we're quick to exploit and participate in most manias and we're healthy believers in the greater fool theory -- but this leaves us speechless. And it isn't just the Bulletin Board companies," he added. "Combined, the top five companies on the list increased in value by a bit more than $5 billion."
In the top five performer list there were two large caps, one small cap
and two penny stocks. The leader was Network Solutions (Nasdaq: NSOL)
which increased from $15 per share to $130 or 772%. Just yesterday,
Network Solutions received an aggressive buy recommendation from Dain
Rauscher, a brokerage firm. Next was CMGI (Nasdaq: CMGI) which
increased from $14 to $106 per share, a gain of 634%. Penny stock
Interactive Buyers Network (OTC: IBNL) increased 407% from $0.32 to
$1.60. Go2Net (Nasdaq: GNET), a relative unknown which is on an
acquisition spree, moved from $8.00 per share to over $35. And former
penny stock iMall (Nasdaq: IMAL), which just recently graduated to
Nasdaq, soared from $4.60 (post reverse split) to $18 or 342%.
"Of course this bed of roses wasn't free of thorns," he added. "While
the top ten performers increased an average of 333% the bottom five
performers registered a staggering 67% loss. Alliance Entertainment's
stock never made it out of bankruptcy and vanished into thin air.
Computer Access (OTC: CPAQ), beset by earnings and sales revisions
plunged 95%. Brilliant Digital (AMEX: BDE), despite favorable coverage
from First Boston earlier in the year couldn't seem to get out of its
own way and stumbled 65%, trading from $5.00 to $1.75. Scoop Inc. (OTC:
SCPI), an internet "news-clipper" was anything but a scoop, sliding 56%
and into bankruptcy -- after having gone public at $4.50. Finally,
Omega Research (Nasdaq: OMGA), who despite receiving coverage from
Robertson Stephens and Hambrecht & Quist -- tumbled 33% from $4.50 to
$3.00. Network Solutions (Nasdaq: NSOL) Gained 772%. CMGI (Nasdaq:
CMGI) Gained 634%. Interactive Buyers Network (OTC: IBNL) Gained 407%.
Go2Net (Nasdaq: GNET) Gained 342%. iMall (Nasdaq: IMAL) Gained 296%.
InfoInteractive (Alberta: IIA) Gained 283% CKS Group (Nasdaq: CKSG)
Gained 182%. RealNetworks (Nasdaq: RNWK) Gained 156%. USWeb (Nasdaq:
USWB) Gained 139%. OnSale (Nasdaq: ONSL) Gained 128%. C-Net (Nasdaq:
CNET) Gained 117%. InterVu (Nasdaq: ITVU) Gained 50%. CyberCash
(Nasdaq: CYCH) Gained 15%. Guitar Center (Nasdaq: GTRC) Gained 7%. N2K
(Nasdaq: NTKI) Lost 23%. Omega Research (Nasdaq: OMGA) Lost 33%. Scoop
Inc. (OTC: SCPI) Lost 56%. Brilliant Digital (AMEX: BDE) Lost 65%.
Computer Access (OTC: CPAQ) Lost 95%. Alliance Entertainment (No
Symbol) Lost 100%.
The Watch list, which was released on Jan. 6, 1998, was created as a
starting point for investors who were interested in Internet related
stocks. Roland Perry, editor, stressed, "The list we put together back
in January is not a 'buy list' but merely a collection of companies
that for one reason or another -- that we found to be extremely
interesting. The idea behind its issuance was to bring attention to the
names and or existence of these companies (many of which have no
coverage on Wall Street) and then to have the investors themselves, do
the due diligence necessary to decide on their own, if any of the
issues warranted an investment and when."
The Internet Stock Review additionally issued a Summer Watch List
during 1998 which includes Aim-Smart (OTC: AIMS) AllNetServices Inc.
(OTC: AWEB), CDNow (Nasdaq: CDNW), Digital Courier (Nasdaq: DCTI),
DYNAMIC MEDIA.COM (OTC: DIMG) and DynamicWeb Enterprises (OTC: DWEB).
The Internet Stock Review recently launched The Internet/Music Watch
List which will expand in the number of companies covered in that
sub-category and currently includes CustomTracks (Nasdaq: CUST) and
MediaX (OTC: MXMXD).
The names of the companies on 1999 Internet Stock Review Watch List
will be issued to subscribers in a special newsletter on Sunday,
January 10 and in a press release after the market close on Monday,
January 11. "Only a handful of companies on the 1998 list, will make
the 1999 list," the editor stated.
About the Internet Stock Review Online
The Internet Stock Review Online is an Online newsletter designed to
give broad coverage to Internet related publicly traded companies. Each
issue of the Online newsletter aggregates and reports on New Buys &
Sales on Wall Street, coverage initiated or dropped on Wall Street, Big
Movers, Earnings (or lack of) reports, news and/or press releases from
Business Wire or PR Newswire, news from industry press or trade
journals, news from traditional media outlets. Each issue includes
hyperlinks to the news origination source for full coverage. The
newsletter additionally reports on the availability of streaming
audio/video profiles, press releases, shareholder conferences and
interviews with senior management of the companies covered.
About the InternetStockReview.com Website
The InternetStockReview.com website. The web site, like the Online
newsletter is devoted to coverage of Internet related publicly traded
companies. The site provides direct links to the web sites of companies
covered and additionally provides links (for covered companies) to
Stockmaster for quotes and charts, FreeEdgar for SEC filings, Big
Charts for interactive charts, AV Newswire for streaming audio/video
profiles, press releases and management interviews when available,
Yahoo Finance for press releases from both Business Wire and PR
Newswire, Hoover's for corporate profiles when available and the
Silicon Investor for chat.
When subscribers arrive at the site (after sign up), they will find the
logos of each of the 20 Watch List stocks. Clicking on any logo takes
the subscriber to a second page where they can easily click their way
to any and all of the above news or quotation providers. It is all
designed to permit the investor to...you guessed it, begin their due
diligence.
To subscribe to the Internet Stock Review Online Newsletter only, send
an e-mail to: join-internetstockreview@sparklist.com
To visit the InternetStockReview.com website go to:
internetstockreview.com Contact: Roland Perry Perry & Co.
468 N Camden Drive Suite 200 Beverly Hills, Ca 90210 310/285-1778
e-mail indexao@pipeline.com See Also: Stockmaster:
stockmaster.com FreeEdgar: freeedgar.com Big
Charts: bigcharts.com AV Newswire:
avnewswire.com Yahoo Finance: yahoo.com Business
Wire: businesswire.com./ PR Newswire:
prnewswire.com Hoover's: hoovers.com Silicon
Investor: siliconinvestor.com
Disclaimer
Please see the Disclaimer in both the welcome letter and on the web
site.
-0- jh/sf*
CONTACT: Perry & Co.
Roland Perry, 310/285-1778
indexao@pipeline.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED RETAIL BANKING
INTERACTIVE/MULTIMEDIA/INTERNET Today's News On The Net - Business
Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com
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